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Jyothy Laboratories recommends dividend of Rs 2.50 and Bonus issue in the ratio of 1:1

23 May 2012 Evaluate
Jyothy Laboratories has informed  that the Board of Directors of the Company at its meeting held on May 23, has recommended a dividend of Rs. 2.50  per equity shares of Re1 each for the financial year ended March 31, 2012. The payment of dividend is subject to approval of shareholders at the ensuing Annual General Meeting
 
The board also declared the issue of Bonus Shares, subject to approval of the shareholders in the ensuing Annual General Meeting, in the ratio of 1:1, i.e., issue of 1 (One) Bonus Equity Share for every 1 (One) Equity share that shall be held by the shareholders as on the Record Date. These Bonus Shares shall be entitled to dividend that may be declared for the financial year 2012-13 and thereafter.
 
Further the board has appointed S. Raghunandan as Whole-Time Director and Chief Executive Officer of the Company with effect from May 23, 2012 and appointed Ramakrishnan Lakshminarayanan as Additional Director (Independent Director) of the Company on the same date.


The above information is part of company’s filing submitted to the BSE.





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